Utah

Highlights

• #4 of 50: Venture capital
• #4 of 50: Startup formation
• #5 of 50: Scale-ups

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital +1.3 #4 of 50
• Startup formation +1.2 #4 of 50
• Scale-ups +1.1 #5 of 50
• Economic output and wealth +0.4 #17 of 50
• Innovation and patents +0.6 #10 of 50
• Talent +0.8 #7 of 50
• Momentum +0.7 #8 of 50

Top companies

The largest companies headquartered in Utah, by latest annual revenue.

1. PACS Group Inc. PACS · Healthcare · Salt Lake City, UT $5.3B
2. FJ Management Private · Convenience Stores & Gas Stations · Salt Lake City, UT $4.7B
3. Zions Bancorporation N.A. ZION · Financials · Salt Lake City, UT $3.4B
4. Extra Space Storage Inc EXR · Real Estate · Salt Lake City, UT $3.4B
5. Pattern Group Inc. PTRN · Consumer Discretionary · Lehi · Provo–Orem, UT metro $2.5B

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in Utah

• Salt Lake City, UT #7 of 109 metros 72
• Provo–Orem, UT #15 of 109 metros 61